MACKAYS Stores Group, the Scottish clothing retailer behind the M&Co brand, suffered its first operating loss in about 50 years of trading in its last financial period, but is projecting a return to profit and pursuing international expansion.
MACKAYS Stores Group, the Scottish clothing retailer behind the M&Co brand, suffered its first operating loss in about 50 years of trading in its last financial period, but is projecting a return to profit and pursuing international expansion.
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ian mcconnell Business Editor
The family-owned company, which employs about 3500 people and is targeting expansion in the Middle East while eyeing opportunities in Russia, eastern Europe, and China, posted an underlying operating loss of £5 million for the year to February 24, 2012.
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